Q551
Inaccurate statements in proposal without any fraudulent intention are
A.
Representation
B.
Merely misrepresentation
AnswerC.
Contributing statement
D.
Offer by the party
Answer: Option B
Solution
Answer: Option B
Solution:
Inaccurate statements in proposal without any fraudulent intention are merely misrepresentation. There are three main types of misrepresentation, fraudulent, negligent, and innocent.